Kinekur: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Kinekur
Largest movements
- Cash -€9,432
down €9,432 (-60.8%), from €15,502 to €6,070
mainly Contributions, distributions and other (-€11,298) and Deferred charges and accrued income (-€7,276)
- Deferred charges and accrued income +€7,276
up €7,276 (+167%), from €4,353 to €11,629
- Tangible fixed assets -€3,138
down €3,138 (-14.2%), from €22,079 to €18,941
of which Other tangible fixed assets: -€2,585
- Reserves -€10,439
down €10,439 (-100%), from €10,439 to €0
- Other debts +€9,732
up €9,732 (+80.1%), from €12,155 to €21,887
- Debts after one year -€3,134
down €3,134 (-56.8%), from €5,515 to €2,381
- Current portion of long-term debt -€1,468
down €1,468 (-31.9%), from €4,602 to €3,134
- Tax, wage and social debts +€1,334
up €1,334 (+35.6%), from €3,751 to €5,086
- Gross operating margin -€5,528
down €5,528 (-45.4%), from €12,176 to €6,648
- Taxes -€1,112
down €1,112 (-49.4%), from €2,251 to €1,139
- Other operating charges +€298
up €298 (+51.8%), from €574 to €872
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,934 | €36,640 | -€5,294 | -12.6% |
| Fixed assets | 21/28 | €22,079 | €18,941 | -€3,138 | -14.2% |
| Tangible fixed assets | 22/27 | €22,079 | €18,941 | -€3,138 | -14.2% |
| Furniture and vehicles | 24 | €1,139 | €586 | -€553 | -48.5% |
| Other tangible fixed assets | 26 | €20,940 | €18,355 | -€2,585 | -12.3% |
| Current assets | 29/58 | €19,855 | €17,699 | -€2,156 | -10.9% |
| Cash at bank and in hand | 54/58 | €15,502 | €6,070 | -€9,432 | -60.8% |
| Deferred charges and accrued income | 490/1 | €4,353 | €11,629 | +€7,276 | +167% |
| Total equity and liabilities | 10/49 | €41,934 | €36,640 | -€5,294 | -12.6% |
| Equity | 10/15 | €11,939 | €1,500 | -€10,439 | -87.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €10,439 | €0 | -€10,439 | -100% |
| Distributable reserves | 133 | €10,439 | €0 | -€10,439 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,995 | €35,140 | +€5,145 | +17.2% |
| Amounts payable after more than one year | 17 | €5,515 | €2,381 | -€3,134 | -56.8% |
| Financial debts | 170/4 | €5,515 | €2,381 | -€3,134 | -56.8% |
| Amounts payable within one year | 42/48 | €24,480 | €32,759 | +€8,280 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €4,602 | €3,134 | -€1,468 | -31.9% |
| Trade debts | 44 | €3,971 | €2,652 | -€1,319 | -33.2% |
| Suppliers | 440/4 | €3,971 | €2,652 | -€1,319 | -33.2% |
| Taxes, remuneration and social security | 45 | €3,751 | €5,086 | +€1,334 | +35.6% |
| Taxes | 450/3 | €3,751 | €5,086 | +€1,334 | +35.6% |
| Other amounts payable | 47/48 | €12,155 | €21,887 | +€9,732 | +80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,104 | €3,138 | +€33 | +1.1% |
| Other operating charges | 640/8 | €574 | €872 | +€298 | +51.8% |
| Gross operating margin | 9900 | €12,176 | €6,648 | -€5,528 | -45.4% |
| Operating profit (loss) | 9901 | €8,497 | €2,638 | -€5,859 | -69.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €748 | €639 | -€109 | -14.5% |
| Recurring financial charges | 65 | €748 | €639 | -€109 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €7,749 | €1,999 | -€5,751 | -74.2% |
| Income taxes | 67/77 | €2,251 | €1,139 | -€1,112 | -49.4% |
| Profit (loss) for the period | 9904 | €5,498 | €859 | -€4,639 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,498 | €859 | -€4,639 | -84.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.